As hospitals and health systems transition to alternative payment models, many are seeking answers on how to best navigate changing reimbursement levels.
John Kurvink, vice president of corporate services and CFO of Georgian Bay General Hospital in Ontario, Canada: For our hospital, about 70 percent of the funding is activity based, so it's based on the patients we serve and the clinical diagnosis and the case mix index. So it's really important for us to capture the right documentation right upfront on admission — the postal code, zip code, where the patient is from — because that's how funding comes back to us, and it floats through a system of clinical documentation, physician documentation, medical record.
To learn more about how to thrive in the environment of changing reimbursements, access this story from Becker's Hospital Review.
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